{"title":"A Literature Survey on Extensive and Intensive Margins in International Trade","authors":"Burcu Berke","doi":"10.4018/978-1-7998-8314-2.ch007","DOIUrl":"https://doi.org/10.4018/978-1-7998-8314-2.ch007","url":null,"abstract":"Products and firms are homogeneous in traditional foreign trade theories; products show no horizontal or vertical differentiation. It is observed that growth in exports is only related to an increase in export quantity and that this is not decomposed into margins. Since Melitz's work, there has been an increase in studies that decompose the firms' heterogeneity and export growth in foreign trade into extensive and intensive margins. The concepts are addressed in the literature known as “new-new” foreign trade theories which include extensive margins, the number of exporting firms, the number of new trade partners, and the volume or variety of exported products. In brief, the growth of global trade is the result of new trade relations (extensive margin) or a rise in existing trade relations (intensive margin). As one of the rapidly developing trade theories in international economics, the main purpose of this study is to conduct a literature survey on the extensive and intensive margins of export growth.","PeriodicalId":380343,"journal":{"name":"Impact of Global Issues on International Trade","volume":"58 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127195593","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Exporting Without Direct Access to International Markets","authors":"Burak Erkut","doi":"10.4018/978-1-7998-8314-2.ch006","DOIUrl":"https://doi.org/10.4018/978-1-7998-8314-2.ch006","url":null,"abstract":"In the literature on exports, the question of why some firms decide to export and why others decide to focus on the domestic market has only received fragmented and different answers. The only overemphasized factor, productivity, seems to be a dead end when empirical evidence is given for high productivity firms which decide to remain in the domestic market. This is mainly due to the ignorance of the role of the firm in international trade by the majority of the literature. In this empirical research, the aim of the author is to test the impact of legal, institutional, and financial conditions on the firm decision to export based on the Enterprise Survey by the World Bank for the Turkish Cypriot people, which remained out of the international community for 57 years, where Turkey emerged as its access point to international markets. Hence, the study contributes to the existing literature on export development by highlighting the obstacles in front of the export decisions of firms and addressing a hitherto not addressed case in international economics.","PeriodicalId":380343,"journal":{"name":"Impact of Global Issues on International Trade","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116246602","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Impact of COVID-19 on International Trade","authors":"R. Kumari, Ashwani Sharma","doi":"10.4018/978-1-7998-8314-2.ch013","DOIUrl":"https://doi.org/10.4018/978-1-7998-8314-2.ch013","url":null,"abstract":"All the countries are facing serious problems affecting their economic growth. In 2020, many countries faced negative GDP per capita growth due to the coronavirus pandemic. Therefore, this chapter investigates how coronavirus (COVID-19) affected international trade (IT) and how this changed over time. Secondly, the authors analyzed how international trade collapsed. Thirdly, the chapter highlights the negative effects of COVID-19 on international trade including economic sectors. Furthermore, it discussed the opportunities and forthcoming policies and what kinds of actions have been taken by the government bodies.","PeriodicalId":380343,"journal":{"name":"Impact of Global Issues on International Trade","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123179125","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
B. Marco‐Lajara, P. Seva-Larrosa, L. Ruiz-Fernández, Javier Martínez‐Falcó
{"title":"The Effect of COVID-19 on the Spanish Wine Industry","authors":"B. Marco‐Lajara, P. Seva-Larrosa, L. Ruiz-Fernández, Javier Martínez‐Falcó","doi":"10.4018/978-1-7998-8314-2.ch012","DOIUrl":"https://doi.org/10.4018/978-1-7998-8314-2.ch012","url":null,"abstract":"The Spanish wine sector has not remained unaffected by the impact of COVID-19. This research aims to analyse the impact of COVID-19 on the Spanish wine sector, quantifying a phenomenon on which there is no academic literature, because although the impact of the pandemic on the wine sector has been studied at a general level, it has not been analysed in the Spanish case. An exploratory approach was adopted for the research in order to analyse the behaviour of the variables that measure the degree of commercialisation of Spanish wine in both the domestic and foreign markets. In addition, the research gathers and quantifies the measures carried out by the Spanish government to help the wine sector overcome the current crisis.","PeriodicalId":380343,"journal":{"name":"Impact of Global Issues on International Trade","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124362952","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
J. Lombana, L. A. Palacios-Chacón, Nestor U. Salcedo, Adriana Cabello-Cerna
{"title":"Pacific Alliance Facing Crises","authors":"J. Lombana, L. A. Palacios-Chacón, Nestor U. Salcedo, Adriana Cabello-Cerna","doi":"10.4018/978-1-7998-8314-2.ch003","DOIUrl":"https://doi.org/10.4018/978-1-7998-8314-2.ch003","url":null,"abstract":"The Pacific Alliance (PA) is an integration process that projects the commercial exchange of value-added products for its members. However, the external and internal crises have made the PA a volatile region in social and economic terms. This chapter analyzes the economic and trade policy trends in PA countries since 1990 and how they faced the different world and regional economic crises. From the particular analysis of the countries, there are similarities and differences in trade trends and the way to control crises. This chapter provides a general framework to review more specific approaches by sectors, industries, and companies.","PeriodicalId":380343,"journal":{"name":"Impact of Global Issues on International Trade","volume":" 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115028020","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Critical Analysis of the Relocation Strategy of Production Between National Protectionist Policies and Global Supply and Value Chains","authors":"J. Vargas-Hérnandez","doi":"10.4018/978-1-7998-7513-0.CH011","DOIUrl":"https://doi.org/10.4018/978-1-7998-7513-0.CH011","url":null,"abstract":"This chapter aims to critically analyze the implications that the national protectionist policies have on the global supply and value chains and the relocation of production. The analysis is based on the assumptions that the global economy is facing the possibility of decoupling of many trade connections, and this trend favors deglobalization processes long promoted by populism, nationalism, and economic protectionism. It is concluded that global supply, production, and value chains, although being economically efficient, are no longer any more secure under national protectionist policies, and therefore, the relocation of production processes is mainly due to the increase in the level of income and wages of the developing countries that are the destination and which reduce the advantages to relocate.","PeriodicalId":380343,"journal":{"name":"Impact of Global Issues on International Trade","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122730727","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"How the Global Financial Crisis and International Trade Affected Corporate Decisions?","authors":"Hasan Tekin","doi":"10.4018/978-1-7998-8314-2.ch008","DOIUrl":"https://doi.org/10.4018/978-1-7998-8314-2.ch008","url":null,"abstract":"This chapter, first, draws an overview of the theoretical and conceptual framework of corporate decisions in the global financial crisis (GFC) context. Then, it shows the connectedness of corporate finance and international trade. Finally, employing a rich dataset, this chapter assesses the impact of international trade as well as the GFC on corporate financial decisions, particularly cash holdings, debt financing, and dividend payouts over the period 2002-2016. The findings show that international trade significantly affects corporate decisions. Firms with higher trade countries have higher debt level but lower cash and dividends across the globe. During the GFC, the positive impact of trade on debt shifts to negative. Also, trade has a positive effect on both cash and debt in the aftermath of the GFC. Taken together, international trade as an institutional setting influences corporate decisions and its role on cash, debt, and dividend differ during and after the GFC.","PeriodicalId":380343,"journal":{"name":"Impact of Global Issues on International Trade","volume":"109 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122853781","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Future of Trade Fairs After the COVID-19 Pandemic","authors":"Mehmet Sami Süygün","doi":"10.4018/978-1-7998-8314-2.ch010","DOIUrl":"https://doi.org/10.4018/978-1-7998-8314-2.ch010","url":null,"abstract":"Globalization has made the whole world a common market for businesses by removing the commercial borders between countries. Increased competition in the global market has pushed businesses that want to operate in this arena to implement new strategies. As a promotion activity, fairs have been the most important assistant of the companies that want to internationalize over the years. Although the concept of fair organizations has changed with the effect of digitalization in the historical process, fairs still continue their main function of bringing buyers and sellers together. The subject of this chapter is how virtual fairs, which have increased their importance in marketing activities with the pandemic, will affect the future of trade fairs. In this context, the history of the fairs, their place and importance in international marketing, virtual fairs, and the impact of the COVID-19 pandemic on the future of international fairs will be discussed.","PeriodicalId":380343,"journal":{"name":"Impact of Global Issues on International Trade","volume":"94 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131396221","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Upgrading the Global Value Chains After COVID-19","authors":"Osman Seraceddin Sesliokuyucu","doi":"10.4018/978-1-7998-8314-2.ch011","DOIUrl":"https://doi.org/10.4018/978-1-7998-8314-2.ch011","url":null,"abstract":"The COVID-19 pandemic-related economic lockdowns and restrictions have caused socio-economic uncertainties in the world since 2020. The pandemic-induced economic shocks affected world trade, especially the reactions in fragile markets. As a result of the strict rules taken by the countries, the decrease in the supply of intermediate goods inputs used in industries worldwide, supply shock has caused global supply chains and economic problems to spread through supply chains. Due to the increase in demand exceeding the current supply and production capacity, the fragmented production system, which spread throughout the world, led to the risks related to global value chains (GVC). In this context, discussion of the uplift processes within the chain, which expresses the upgrading perspective, has come to the fore again. The solutions in chains, which are applied by industries in the pandemic process, emphasize the importance of backward and forward linkages in the chain.","PeriodicalId":380343,"journal":{"name":"Impact of Global Issues on International Trade","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121318225","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Financial Fragility and Its Impacts on International Trade and Economic Growth","authors":"A. Şeker","doi":"10.4018/978-1-7998-8314-2.ch009","DOIUrl":"https://doi.org/10.4018/978-1-7998-8314-2.ch009","url":null,"abstract":"International trade cannot be considered separate from the current financial system in the context of imports and exports. In this context, the impact on international trade should be analyzed under the financial fragility hypothesis. This chapter aims to analyze the effects of financial fragility on Fragile Five and Troubled Ten countries' economic growth and trade strategies. In this direction, long-term relationships between variables are analyzed by Westerlund panel cointegration tests. According to the result of the panel cointegration tests, there are long-term relationships between exports, imports, gross domestic product, and financial fragility index. After determining the long-term relationships between variables, causality analyses have been carried out to reveal the direction of these relationships. According to Dumitrescu-Hurlin panel causality test results, there are bidirectional causality relationships between financial fragility index and export, import, and gross domestic product.","PeriodicalId":380343,"journal":{"name":"Impact of Global Issues on International Trade","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130579324","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}